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$1,725,000
Est. payment /mo
17,378 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,378 sqft
Price per Sqft $99
MLS Listing ID 24150715
Year Built 1927
Annual Tax Amount $17,686
Lot Size 7,840 Sqft
Property Description
Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently vacant so there is room to increase NOI. Call office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.
Location
State CT
County New London
Zoning CBD-1
Interior
Heating Heat Pump
Cooling Split System
Exterior
Utilities Available Electric Available, Gas Available, Phone Available
Roof Type Tar/Gravel
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer Connected
Water Public Water Connected
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Listed by Constance Howard • U.S. Properties Real Estate Services, LLC
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